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Concord Manufacturing has three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $97,995, $180,050, and
Concord Manufacturing has three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $97,995, $180,050, and $46,000, respectively. The Estimated annual use in each department is 1,500 setups, 13,000 machine hours, and 920 inspections. Compute the overhead rate for each activity. (Round answers to 2 decimal places, eg. 52.75.) Machine setups $ Machining Inspections per setup: $ per machine hour per inspection
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